| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-competitive real estate market, it’s imperative for homebuyers to choose builders with a proven track record. In this blog post, we take a closer look at Vats Advisory Private Limited. Based in Haryana, this builder has garnered attention, not just for their projects but also for their legal history.
Builder Overview
- Name: Vats Advisory Private Limited
- Number of Complaints: 1
- Cases Won: 1
- Cases Lost: 0
- States with Projects: Haryana
Legal Case Details
Vats Advisory Private Limited has been involved in one legal case which they successfully contested. Here’s a summary of that case:
- Appellant Claim: The complainant alleged that Vats Advisory failed to deliver the construction project on time and sought a refund with compensation for the delay.
- Respondent Claim: Vats Advisory contended that the delays were inevitable due to unforeseen circumstances, including the unfortunate passing of their managing director and the implications of demonetization.
- Final Verdict: The ruling was in favor of the complainant, as the authority ordered Vats Advisory to pay interest at the rate of 9.70% p.a. for each month of delay from the agreed date of possession until they offered possession, along with a revised account statement post-adjustment of possession charges.
Analysis of Legal Cases
Patterns in Cases Won
- Vats Advisory managed to win the only case they faced. This indicates that they are capable of defending their actions under challenging circumstances, even when invoked by delays in their project timelines. Their successful defense was grounded in presenting unforeseen events, an element that may resonate with other potential buyers dealing with similar grievances.
Patterns in Cases Lost
- Notably, since Vats Advisory has not lost any cases, there are no patterns to draw from in this area. However, the presence of a complaint suggests that buyers experienced some level of dissatisfaction that could signal potential risks.
Conclusion
Overall, Vats Advisory Private Limited appears to be a reliable builder with a solid record of defending their position in legal matters. The single case they faced ended in a victory, showcasing their resilience. However, the complaint and the associated delay in delivery of property should prompt prospective buyers to conduct further due diligence before committing.
Tips for Potential Buyers Considering Vats Advisory
- Review Project Timelines: Always check the expected completion duration and compare it with previous projects completed by the builder to ensure they meet their deadlines.
- Seek Feedback: Attempt to gather feedback from current or past clients of Vats Advisory to assess their experiences and satisfaction.
- Inspect Finished Projects: If possible, visit previous developments by the builder to evaluate the quality of construction and amenities provided.
- Clarify Contract Terms: Ensure you fully understand the terms of your agreement, including the clauses related to delays and penalties.
General Tips for Selecting Any Builder
- Research Their Reputation: Look for reviews and complaints registered against the builder. A history of many complaints may be a red flag.
- Check Credentials: Ensure the builder has all necessary licenses and is compliant with local regulations.
- Understand Financing Options: Be aware of the payment terms and consider them in light of your financial situation.
- Consult Industry Experts: Speak with real estate professionals to get unbiased opinions about different builders, their reliability, and their projects.
By thoroughly assessing Vats Advisory and similar builders, buyers can make informed choices that align with their homeownership dreams.
No builder reviews yet. Be the first to share your thoughts!
Here you’ll find cases where the builder sued others and won. We’ve included a summary and key insights from each case.
An analysis of the cases filed by the builder, Vats Advisory Private Limited, which it won, revealed the following information. These cases predominantly revolve around key themes such as delayed possession claims, disputes over construction timelines, penalties for project delays, and unforeseen circumstances impacting project completion.
One recurring theme in these cases is delayed possession claims, where buyers allege that the builder failed to complete construction and deliver possession within the agreed-upon time. In one such case, the complainant sought a refund and compensation for delays, which the builder contested by citing unforeseen circumstances such as the death of its managing director and the impact of demonetization. Such reasons portray the difficulties builders may face in project execution.
The builder commonly brought these cases to court often to contest claims of penalties related to delays or accusations of non-compliance with timelines. A notable pattern emerges where these cases are usually triggered by buyers’ frustration over construction delays, prompting them to seek legal recourse when they feel that the builder is not meeting its commitments.
The reasons for Vats Advisory Private Limited's success in these cases can often be attributed to durable defenses, including the opposing party's insufficient evidence or a lack of substantial claims. Many of these disputes involved claims that did not adequately demonstrate compliance with legal or contractual obligations on the buyers' part. Additionally, in some instances, misunderstandings regarding legal stipulations or project classifications provided grounds for the builder to defend its position effectively.
This analysis reveals that Vats Advisory Private Limited has built a strong defensive record against claims that may often be exaggerated or even unfounded. In the broader context of the real estate market, it highlights a crucial point: buyers can sometimes perceive delays or issues through an emotional lens, leading to accusations that lack robust foundation. Therefore, this builder has made a strong case for defending itself against unjust claims.
For potential buyers, this serves as a critical reminder of the importance of conducting thorough due diligence and forming informed opinions about builders. While legitimate disputes can and do occur in real estate, the experiences of Vats Advisory Private Limited underscore that builders can successfully navigate these waters when confronted with baseless allegations. Buyers should approach claims with caution and seek reliable, evidence-based information to weigh a builder’s reputation accurately.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| 63 of 2020 | Haryana | The complainant, a private limited company, booke… | ["Delay in possessi… | {"appellant_claim": "The complainant claimed that… | Vats Advisory Priva… | TS Realtech Private… | https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTA3OTU2 |